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Oil – US Crude IG Client Sentiment: Our data shows traders are now net-long Oil – US Crude for the first time since Jun 15, 2021 12:00 GMT when Oil – US Crude traded near 7,250.20.

Posted by By 24/06/2021Posted inForex
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Oil - US Crude-bearish contrarian trading bias.
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Oil Price Outlook Hinges on OPEC JMMC Meeting

Posted by By 24/06/2021Posted inForex
The price of oil may face headwinds ahead of the OPEC JMMC meeting on July 1 as the group appears to be on track to restore production throughout the rest…
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USD/CAD Technical Outlook: Retracement or Reversal?

Posted by By 24/06/2021Posted inForex
USD/CAD exploded last week and looked poised to continue higher, but the sharp pullback has brought that into serious question.
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GBP/USD Drops as BoE Disappoints Calls for Hawkish Surprise

Posted by By 24/06/2021Posted inForex
BoE leaves policy unchanged as expected. 8-1 vote split disappoints GBP bulls looking for a hawkish surprise.
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EUR/USD Finding Short-Term Resistance Tough to Break, US Data to Drive the Next Move

Posted by By 24/06/2021Posted inForex
EUR/USD is struggling to pull back recent losses and further lows may be on the horizon if US data shows inflation becoming increasingly sticky
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FTSE 100 Outlook: Trendline Support Becomes Resistance as Momentum Shifts

Posted by By 24/06/2021Posted inForex
The FTSE 100 falls below key resistance as bearish pressure increases
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Bank of England Preview: How Will the Pound (GBP) React?

Posted by By 24/06/2021Posted inForex
BoE to maintain policy settings, while risks lean towards a more hawkish statement.
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US Dollar (USD) Price Outlook: Friday's US Inflation Data to Determine Next Move

Posted by By 24/06/2021Posted inForex
The US Dollar will likely trade narrowly ahead of Friday’s US core PCE data, the Fed’s favorite measure of inflation, which will likely determine the next major move for the…
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Natural Gas Forecast: Prices Rise as US Heat Wave Drives Demand Narrative

Posted by By 24/06/2021Posted inForex
Natural gas prices have recaptured a key trendline after a major heatwave sent energy demand in the United States soaring.
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Euro Price Outlook: EUR/USD, EUR/GBP at Risk Amid Rising Net-Long Bets

Posted by By 24/06/2021Posted inForex
The Euro may be at risk as retail traders are increasing their long exposure in EUR/USD and EUR/GBP. What is the road ahead and what are key technical levels to…
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